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Want to add more growth to your portfolio but not sure where to look? Companies such as Pioneer Credit and Emerald Resources are deemed high-growth by the market, with a positive outlook in all areas – returns, profitability and cash flows. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Pioneer Credit Limited (ASX:PNC)
Pioneer Credit Limited provides financial services in Australia. The company provides employment to 500 people and with the stock’s market cap sitting at AUD A$215.48M, it comes under the small-cap stocks category.
PNC is expected to deliver a buoyant earnings growth over the next couple of years of 20.50%, bolstered by an equally impressive revenue growth. It appears that PNC’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 18.63%. PNC ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Thinking of investing in PNC? Check out its fundamental factors here.
Emerald Resources NL (ASX:EMR)
Emerald Resources NL engages in the exploration and development of gold properties in the Cambodia. Emerald Resources was formed in 1969 and with the stock’s market cap sitting at AUD A$76.01M, it comes under the small-cap category.
EMR is expected to deliver a triple-digit high earnings growth over the next couple of years, bolstered by a significant revenue which is expected to more than double. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 18.06%. EMR ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about EMR? Have a browse through its key fundamentals here.
Syrah Resources Limited (ASX:SYR)
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. The company employs 374 people and with the stock’s market cap sitting at AUD A$981.39M, it comes under the small-cap category.